Geithner says U.S. won’t lose AAA rating

By Reuters
Posted yesterday at 9:24 a.m.

Treasury Secretary Timothy Geithner said on Tuesday there is no risk the United States could lose its top-tier AAA credit rating as politicians move closer to agreeing on how to slashing the massive U.S. debt.

“No risk of that,” he said in an interview with Fox Business Network. “If you listen carefully now, you see the leadership of the United States of America…recognizing now this is the right thing to do for the economy.”

Geithner said there is growing bipartisan political consensus behind bringing down long-term deficits and strengthening growth.

“It’s hard for people to look past the political rhetoric,” he said. “I think the prospects for bipartisan agreement are better than they’ve been in a long period of time. Of course, we have to turn that into action.”

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  1. Big T Yesterday at 10:47 a.m.

    no sh*t sherlock

  2. alex Yesterday at 11:28 a.m.

    Geithner is a twit, but he is right about one thing. As long as the two political parties agree on something, the bond rating will not be lowered. The best approach to stabilizing the deficit is a mixture of tax hikes with cuts to programs. Defense spending must come down and I see no reason why church’s should continually evade having to pay taxes.

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